Dustin,Dan,and Dennis Operate Heritage Hills Dry Cleaners as an S

Essay

Dustin,Dan,and Dennis operate Heritage Hills dry cleaners as an S corporation.Dustin owns 50% of the business,Dan 30%,and Dennis 20%.For the current year,Heritage Hills reports the following:
$$\begin{array} {| l | r| } \hline \text { Sales revenues } & \$ 400,000 \\\hline \text { Trade and business expenses } & ( 185,000 ) \\\hline \text { Charitable contributions } & ( 5,000 ) \\\hline \text { Short-term capital losses } & ( 4,000 ) \\\hline \text { Long-term capital gains } & { 12,000 }\\\hline\text { Taxable income }& { \$ 218,000 }\\\hline\end{array}$$
How must Heritage Hills report its results to each of the owners?